Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 13, 2024

Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000. What was its profit margin on sales? (Points : 2)

A 6.49%

B 6.83%

C 7.19%

D 7.55%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Control And Audit

Authors: Angel R. Otero

5th Edition

1498752284, 9781498752282

More Books

Students also viewed these Accounting questions

Question

★★★★★

XYZ, Inc., has issued 10 million new shares of stock. An investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 8.4 million shares for $ 27 per...

Answered: 1 week ago

Question

★★★★★

Considering above information, are the assumption used by Morgan 1) WACC=9.7% b)TVGR=3.5% c) forecast of FCF and 2020's revenue forecase reasonable? 2016 Advertising Revenue Drivers Snap Instagram...

Answered: 1 week ago

Question

★★★★★

8. From which rows in the data file do the outlying scores come from? a) 1, 5, 30 b) 3, 5, 8 c) 1, 7, 12 d) We cant tell from the box-plots which rows the outliers are from Number of filings 30- 25-...

Answered: 1 week ago

Question

★★★★★

At the end of the year, Ilberg Company provided the following actual information: Overhead ....... $423,600 Direct labor cost ..... 532,000 Ilberg uses normal costing and applies overhead at the rate...

Answered: 1 week ago

Question

★★★★★

QUESTION 22 Covered interest arbitrage is possible when: both currencies are appreciating. the actual inflation rates are identical in both countries. the difference in the interest rates in two...

Answered: 1 week ago

Question

★★★★★

fld

Answered: 1 week ago

Question

★★★★★

The International Space Station considers what many believe to have been the ultimate international engineering project in history. The initial plans involved the direct participation of 16 nations,...

Answered: 1 week ago

Question

★★★★★

Two days after talking with Karen, Daniel received a packet of information from the mayor s office. The information included news clippings, minutes from community meetings, and the telephone numbers...

Answered: 1 week ago

Question

★★★★★

Decedent is a citizen of the Philippines and a resident of Quezon City, died leaving the following: Rest house in Batangas inherited from his father during marriage Car received as gift from his...

Answered: 1 week ago

Question

★★★★★

ion 16 of 21 > Identify whether each scenario is an example of a marginal cost, marginal benefit, or neither. Answer Bank a marginal cost. not marginal. a marginal benefit. Chipset, Inc. sells...

Answered: 1 week ago

Question

★★★★★

Choose 2-3 changes you would consider making to deal with some of the potential issues that might be leading to turnover. what key concepts you think apply, some potential solutions to the problem...

Answered: 1 week ago

Question

★★★★★

Explain why corrective action should be taken as soon as possible and practical following an infraction.

Answered: 1 week ago

Question

★★★★★

We repeatedly stress that the primary purpose of disciplinary action is correction of behavior. If this is so, why have we delineated specific behavioral problems that call for loss of employment...

Answered: 1 week ago

Question

★★★★★

Why do we stress that an employees personal problems are no business of the manager? Under what conditions and to what extent can a department manager be concerned with any facet of an employees...

Answered: 1 week ago

Previous Question Next Question